 "TeamLease Services extends rally after stellar debut")
Shares of TeamLease Services surged 13% to Rs 1,153, extending its 21% surge on Friday, the first day of listing the bourses.
The stock zoomed 43% from its intra-day low of Rs 806 touched on National Stock Exchange (NSE) on debut day, i.e. February 12, 2016.
The company had raised Rs 435 crore though initial public offer (IPO) at issue price of Rs 850 per share. The issue was over-subscribed 66 times at a price band of Rs 785-850 per share.
TeamLease Services is one of the India’s leading providers of human resource services in the organized segment delivering a broad range of human resource services to various industries with a vision of putting India to work. The Company had 104,946 Associate Employees as of November 30, 2015, making it one of India's leading people supply chain companies. All of its businesses operate on an asset-light model with low capital expenditure requirements.
At 11:24 AM, the stock was up 9% at Rs 1,115 on the NSE and trading 32% above its issue price of Rs 850 per share. A combined 945,917 shares changed hands on the counter on the NSE and BSE so far.
The stock zoomed 43% from its intra-day low of Rs 806 touched on National Stock Exchange (NSE) on debut day, i.e. February 12, 2016.
The company had raised Rs 435 crore though initial public offer (IPO) at issue price of Rs 850 per share. The issue was over-subscribed 66 times at a price band of Rs 785-850 per share.
TeamLease Services is one of the India’s leading providers of human resource services in the organized segment delivering a broad range of human resource services to various industries with a vision of putting India to work. The Company had 104,946 Associate Employees as of November 30, 2015, making it one of India's leading people supply chain companies. All of its businesses operate on an asset-light model with low capital expenditure requirements.
At 11:24 AM, the stock was up 9% at Rs 1,115 on the NSE and trading 32% above its issue price of Rs 850 per share. A combined 945,917 shares changed hands on the counter on the NSE and BSE so far.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%